Nasdaq Suspends Its Rules
For Companies Facing Delisting

By

Stacy Forster The Wall Street Journal Online

Updated Sept. 27, 2001 7:44 p.m. ET

Citing fallout from the terrorists attacks in the U.S., the Nasdaq Stock Market is giving a reprieve to companies in danger of being delisted when their stock price drops below $1 for an extended period.

In an unprecedented step, Nasdaq said Thursday it has suspended the stock-price rule until Jan. 2. The New York Stock Exchange, which has its own listing requirements, doesn't plan to relax its rules.